TY - JOUR T1 - European Exchange-Traded Funds JF - The Journal of Alternative Investments SP - 63 LP - 77 DO - 10.3905/jai.2002.319055 VL - 5 IS - 2 AU - Massoud Mussavian AU - Jacques Hirsch Y1 - 2002/09/30 UR - https://pm-research.com/content/5/2/63.abstract N2 - ETFs are index-based investment products that allow investors to buy or sell exposure to an index through a single financial instrument. ETFs have been available in North America since the early 1990s. Only recently have they caught the imagination of investors in Europe, where they have seen significant growth in the last year. In this article, we provide an overview of the ETF market in Europe. We also examine carefully practical issues that investors should consider, liquidity issues, short exposures, costs, and futures block trading and exchange of futures for physicals with ETFs. ER -